J.C. Flowers & Co.

J.C. Flowers Completes $125-Million Equity Investment in Capital Funding Bancorp, Inc.

Retrieved on: 
Wednesday, December 20, 2023
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NEW YORK, Dec. 20, 2023 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has closed its investment with Capital Funding Bancorp, Inc. ("CFG" or "the Company"), the holding company for CFG Bank, a top-performing Baltimore-based bank that provides financing and banking solutions to the national healthcare and multifamily industries. J.C. Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company. In conjunction with the closing, Louis Vachon and Tom Harding of J.C. Flowers will join the board of directors of the Company and CFG Bank.

Key Points: 
  • J.C.
  • Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company.
  • Flowers will join the board of directors of the Company and CFG Bank.
  • Flowers.

ELMC’s Leadership Team Purchases ELMCRx Solutions

Retrieved on: 
Tuesday, October 3, 2023
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ELMC Rx Solutions, LLC (“ELMCRx”) is pleased to announce its independent launch.

Key Points: 
  • ELMC Rx Solutions, LLC (“ELMCRx”) is pleased to announce its independent launch.
  • This follows its purchase by Principal Owner and CEO, Richard Fleder, from its former parent, ELMC Risk Solutions, LLC (“ELMC”).
  • “Through our strategic acquisitions and partnerships, we’re building a portfolio of service solutions that can be accessed through one entry point.
  • In addition to her eight years of executive leadership at ELMC, she has more than a dozen years of TPA and brokerage leadership.

 iA Financial Group to Acquire Vericity in $170 million Transaction

Retrieved on: 
Tuesday, October 3, 2023
Insurance, Data Analytics, Health, Asset Management, Artificial Intelligence, Professional Services, Technology, Health Insurance, Slate, Flower, LLP, IA, J.C. Flowers & Co., Cyprus Securities and Exchange Commission, Skadden, Arps, Slate, Meagher & Flom, Hart–Scott–Rodino Antitrust Improvements Act, TSX, AI, IAG, Hand, Security (finance)

Vericity, Inc. (“Vericity”) (NASDAQ: VERY) today announced it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (“iA”) (collectively, “iA”) (TSX: IAG) will acquire Vericity in an all-cash transaction valued at approximately $170 million.

Key Points: 
  • Vericity, Inc. (“Vericity”) (NASDAQ: VERY) today announced it has entered into a definitive merger agreement whereby iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (“iA”) (collectively, “iA”) (TSX: IAG) will acquire Vericity in an all-cash transaction valued at approximately $170 million.
  • Flowers”), a leading private investment firm dedicated to investing globally in the financial services industry.
  • We are confident that Vericity will continue to thrive as part of iA to the benefit of all of its stakeholders."
  • Raymond James Financial, Inc. is serving as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Vericity on this transaction.

iLending Names Nick Goraczkowski as President

Retrieved on: 
Thursday, July 20, 2023
Sandrine Ilendou, Flower, Growth, Business, J.C. Flowers & Co., University, Senior, Marketing, Management

Englewood CO, July 20, 2023 (GLOBE NEWSWIRE) -- iLending, a prominent player in the auto refinance industry, is pleased to announce the promotion of Nick Goraczkowski to the position of President, effective immediately.

Key Points: 
  • Englewood CO, July 20, 2023 (GLOBE NEWSWIRE) -- iLending, a prominent player in the auto refinance industry, is pleased to announce the promotion of Nick Goraczkowski to the position of President, effective immediately.
  • Having been a key leader and integral part of iLending for over a decade holding the positions of Senior Vice President and Chief Revenue Officer, Mr. Goraczkowski brings a wealth of expert knowledge in the auto refinance industry.
  • In addition to his proven leadership at iLending, Mr. Goraczkowski is a Member of the Board of Advisors at the University of Colorado Boulder Leeds School of Business.
  • Flowers and iLending extend their thanks and gratitude to Tom Holgate for his dedicated service to the company over the past four years.

J.C. Flowers appoints Dr. Shujaat Nadeem as Senior Advisor

Retrieved on: 
Monday, April 24, 2023
Flower, PE, Education, Senior advisor, JCF, Progressive Education Network Pakistan, MIT, Akers v Samba Financial Group, Samba (bank), Citigroup, PEN, J.C. Flowers & Co., Samba, Cryptocurrency, Doctor of Philosophy

Flowers & Co. ("JCF"), a leading private equity firm dedicated to investing globally in the financial services industry, announced today the appointment of Dr. Shujaat Nadeem to the role of Senior Advisor effective immediately.

Key Points: 
  • Flowers & Co. ("JCF"), a leading private equity firm dedicated to investing globally in the financial services industry, announced today the appointment of Dr. Shujaat Nadeem to the role of Senior Advisor effective immediately.
  • In his role, Dr. Nadeem will advise the JCF team and support portfolio companies through their development under JCF's ownership.
  • Tim Hanford, Co-President of JCF said, "Dr. Nadeem has an impressive track record in financial services and has held senior executive and board roles at some of the largest and most successful institutions in the sector.
  • Dr. Nadeem was formerly Deputy CEO of Samba Financial Group in Saudi Arabia and Chairman of Samba Bank in Pakistan, which was owned by Samba Financial Group.

Ariel Re Secures $270m of New Capital to Support 2023 Growth

Retrieved on: 
Monday, March 6, 2023
Professional Services, Insurance, Finance, Flower, PCC, London Bridge, Willkie Farr & Gallagher, LB2, J.C. Flowers & Co., Future, Syndicate, Financial services

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023.

Key Points: 
  • Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023.
  • In addition to the new investors’ capital, Pelican Ventures and JC Flowers have meaningfully increased their underwriting capital commitments to support Ariel Re’s growth.
  • As part of this capital raise, Ariel Re secured $170 million through LB2 – becoming the first sponsor to raise capital through the LB2 structure.
  • We hope that Ariel Re will be the first of many to use LB2.”
    Howden Tiger Capital Markets & Advisory, the capital markets arm of reinsurance broker Howden Tiger, acted as exclusive financial advisor to Ariel Re.

Vesey Street Capital Partners Announces Senior Management Appointment and Firm Promotions

Retrieved on: 
Tuesday, February 14, 2023
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The firm also announced the promotions of Takako Togami to Chief Financial Officer, and Alex Chouraqui to Vice President.

Key Points: 
  • The firm also announced the promotions of Takako Togami to Chief Financial Officer, and Alex Chouraqui to Vice President.
  • Prior to joining VSCP, Bryan Sekino spent most of his career as a healthcare investment professional with experience at Lehman Brothers, Barclays Capital, and Brant Point Capital Management.
  • I am excited about his new appointment to President and COO", said Adam Feinstein, Managing Partner of the firm.
  • Before joining Piper, Alex began his career at CIT Group, where he was an Associate on the Capital Markets team.

J.C. Flowers Adds Dan Meade as Managing Director and Head of Business Development and Investor Relations

Retrieved on: 
Wednesday, January 25, 2023
Investment, Business development, Georgetown University, LMAX Group, Eaton Partners, JCF, Flower, YES, Apollo Global Management, J.C. Flowers & Co., Security (finance)

Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that Dan Meade has joined the firm as Managing Director and Head of Business Development and Investor Relations.

Key Points: 
  • Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that Dan Meade has joined the firm as Managing Director and Head of Business Development and Investor Relations.
  • Mr. Meade brings more than 16 years of experience in private markets business development and investor relations, most recently as a Managing Director at Castlelake.
  • Flowers and look forward to his contributions to our investor relations team," said Chris Flowers, CEO of J.C.
  • Flowers.

Louis Vachon joins the Board of Directors of BCE Inc.

Retrieved on: 
Friday, October 21, 2022
Essence–energies distinction, Bates College, Ryerson University, Bell, International finance, TSX, National Bank of Canada, Order, University of Ottawa, Flower, The Fletcher School at Tufts University, Risk, Health Management Resources, NYSE, Canadian Business, Research, Financial compensation, United Nations Association, MDA, Bell Let's Talk, Mental health, Bishop's University, Chartered Financial Analyst, University, CPP Investment Board, Tufts University, MONTRAL, National bank, Gastrointestinal tract, Global Citizen Awards, BCE Inc., Les Fusiliers Mont-Royal, Concordia University, United Nations, Board, CEO, J.C. Flowers & Co., Internet, Economics, BCE, Workplace, Molson Coors Beverage Company, United Nations Association in Canada, Bell Canada, Management, Medicine

MONTRAL, Oct. 21, 2022 /CNW Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE)today announced the appointment of Louis Vachon as a director of BCE and Bell Canada.

Key Points: 
  • MONTRAL, Oct. 21, 2022 /CNW Telbec/ - BCE Inc. (TSX: BCE) (NYSE: BCE)today announced the appointment of Louis Vachon as a director of BCE and Bell Canada.
  • Mr. Vachon will also join the Board's Management Resources and Compensation Committee and Risk and Pension Fund Committee.
  • "We are honoured that Louis has accepted our invitation to join the BCE Board," said Gordon M. Nixon, Chair of the Board of BCE and Bell Canada.
  • His experience leading National Bank's impressive financial, technological and cultural advancements will be an asset to BCE shareholders."

Innoveo Announces the Appointment of Insurance Industry Veteran Rob McGinnis to Chairman of the Board

Retrieved on: 
Tuesday, August 2, 2022
Sale, M&A, J.C. Flowers & Co., Board, Insurance, Industry, 1199SEIU United Healthcare Workers East, Everstone Group, CEO, Solution, Workforce, McGinnis, Multimedia, Larry Harris (computer scientist), Adoption, Organization, Marsh, Leadership, COO, Technology, Senior, Board of directors, A Pumpkin Full of Nonsense, Software as a service, Paulson & Co., CNA Financial, Health, Growth, AI, Flower, Management, Online shopping, UnitedHealth Group

PRINCETON, N.J., Aug. 2, 2022 /PRNewswire/ -- Innoveo , a global technology firm and a pioneer in enterprise no-code platform announced the appointment of insurance industry veteran Rob McGinnis as Chairman of its Board of Directors.

Key Points: 
  • PRINCETON, N.J., Aug. 2, 2022 /PRNewswire/ -- Innoveo , a global technology firm and a pioneer in enterprise no-code platform announced the appointment of insurance industry veteran Rob McGinnis as Chairman of its Board of Directors.
  • "I feel privileged to take on this role as the Chairman at such an exciting phase of growth for Innoveo.
  • The Board and I look forward to collaborating with the Innoveo leadership team to drive triple digit growth and to strengthen the business."
  • "It has been an honorto have served as Chairman of the InnoveoBoard of Directors," said outgoing chairman Fahad Ghaffar.